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SOLD 10/13/2021

120 Bennett Avenue, Long Beach, CA 90803$2,580,650

10
beds
9
baths
4682
ft2
· 4724
ft2 lot
$534 / ft2

Listing provided courtesy of Listing Broker: John McCann, Lyon Stahl Investment Real Est
Source CRMLS;
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120 Bennet Avenue: 9-Unit building that is situated on a 4,724 square foot lot located in the city Long Beach, CA. The subject property is located at 120 Bennett Avenue. The property is composed of (1) 2 bedroom/ 1 bath unit & (8) 1 bedroom/1 bath units. Built in 1947. This 2 story investment in Belmont Shore is only blocks away from the beach making it highly desirable for a tenant and owner. The two bedroom unit is approximately 650 square feet. The one bedroom units are approximately 500 square feet each. Four single car garages are located in the back of the property. They rent for $150 each. Other parking can be found on the street. The units are individually metered and the tenants pay for gas and electric. A washer & dryer facility is also located on the property. The Property recently had $50,000 of improvements. The exterior included new roof, wood trim, replaced eaves, paint, and windows. The interior included a recently renovated unit with new floors, paint, and bathroom upgrades. Tenant in Unit # 5 will be moving out in the middle of October.

HOA

$0/month

On market

3 days

Year built

1947

Property type

Multi-Family

Parking

6

MLS

21782380

Price / Sq.Ft.

$534 / ft2

Status

Closed

Home details for 120 Bennett Avenue

Interior Features & Layout
Appliances
•   
Laundry Details: Washer Included, Dryer Included
•   
Laundry: 1
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
Interior Size
•   
Building Area Total: 4682.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Garage - Single Door
•   
Garage Spaces: 4.00
Building Info
•   
Zoning: LBR4R
•   
Roof: Shingle
•   
Stories Total: 2
Lot Info
•   
Lot Size Source: Assessor
•   
Lot Size Acres: 0.1084
•   
Lot Size Area: 4724.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 9
Exterior Features
•   
Direction Faces: West
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 162108.00
•   
Total Expenses: 57845.00
•   
Gross Multiplier: 14.65
Tax/Assessment Info
•   
Gross Income: 170640.00
•   
Tax Year: 2020
•   
Taxes: 7356.52
Lease Info
•   
Net Operating Income: 104263.00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 1750.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1750.00
Unit 7 Information
•   
Unit 7 Bathrooms: 1
•   
Unit 7 Actual Rent: 1350.00
•   
Unit 7 Total Units: 1
•   
Unit 7 Total Rent: 1350.00
•   
Unit 7 Bedrooms: 1
•   
Unit 7 Furnished Units: Unfurnished
Unit 2 Information
•   
Unit 2 Actual Rent: 1625.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 1625.00
Unit 8 Information
•   
Unit 8 Bathrooms: 1
•   
Unit 8 Actual Rent: 1585.00
•   
Unit 8 Total Units: 1
•   
Unit 8 Total Rent: 1585.00
•   
Unit 8 Bedrooms: 1
•   
Unit 8 Furnished Units: Unfurnished
Unit 9 Information
•   
Unit 9 Bathrooms: 1
•   
Unit 9 Actual Rent: 1625.00
•   
Unit 9 Total Units: 1
•   
Unit 9 Total Rent: 1625.00
•   
Unit 9 Bedrooms: 1
•   
Unit 9 Furnished Units: Unfurnished
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1520.00
•   
Unit 1 Total Rent: 1520.00
Unit 4 Information
•   
Unit 4 Actual Rent: 1085.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 1085.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Bedrooms: 1
Unit 5 Information
•   
Unit 5 Actual Rent: 1465.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 1895.00
•   
Unit 5 Bathrooms: 1
•   
Unit 5 Bedrooms: 1
Multi Unit Information
•   
# Of Units: 13
Unit 6 Information
•   
Unit 6 Actual Rent: 1465.00
•   
Unit 6 Total Units: 1
•   
Unit 6 Total Rent: 1465.00
•   
Unit 6 Furnished Units: Unfurnished
•   
Unit 6 Bedrooms: 1
•   
Unit 6 Bathrooms: 1
School Neighborhood & Directions
School Info
•   
Directions: Property is located South of E Livingston Dr & North of E Ocean Blvd. While traveling East on Ocean Blvd make a left turn on to Bennett Avenue. Property is on the right hand side after crossing 1st Street.
Other
Calculation
•   
Dom: 4

Neighborhood snapshot

Flyhomes
California
Los Angeles County
Long Beach
Belmont Shore
58
Properties for sale
9
Median days on market
$657.34
Median sold price/sqft
104.66%
Sold/List %
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Property History for 120 Bennett Avenue

10/13/2021
10/13/2021
Public Record
sold
Public Record
$2,581,000
+3.24%
10/13/2021
10/13/2021
CRMLS #21782380
sold
CRMLS #21782380
$2,500,000
09/13/2021
09/13/2021
CRMLS #21782380
active
CRMLS #21782380
$2,500,000

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